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Nov 29, 2012
11/12
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raging deficits, not enough revenues and we needed to cut some spending, too. we needed to make sure that people got their unemployment benefits. tip o'neill realized that he was speaker of the house. not speaker of the democrats. and he had that magic. the magic to him was 218 votes. and that's what i wish john boehner would do. because if he took a page out of tip o'neill's book, we'll be off this fiscal cliff and i compliment congressman cole for his courage in saying, you know, the president's given us 98%, essentially, of what we want. let's take it and we'll argue over the millionaires and the billionaires later. >> you know, you're probably one of the really key leading progressives in the united states senate. i've watched your heroic campaigns every six years. i'm walls in always in wonder of your ability to stick to principles and win big in the biggest state. how is this going over, the view you're taking now, which we're all in this together to some extent? it has to be a 60/40, something like that, deal. how is that going over with your colleagues
raging deficits, not enough revenues and we needed to cut some spending, too. we needed to make sure that people got their unemployment benefits. tip o'neill realized that he was speaker of the house. not speaker of the democrats. and he had that magic. the magic to him was 218 votes. and that's what i wish john boehner would do. because if he took a page out of tip o'neill's book, we'll be off this fiscal cliff and i compliment congressman cole for his courage in saying, you know, the...
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Nov 30, 2012
11/12
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here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is unacceptable. now much of this was conveyed in a 28-minute phone conversation yesterday between president obama and house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversaries and tonight that might be where we are. >> pelley: major, thanks very much. now, have a look at these two pictures. president obama and mitt romney at the final debate,
here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of...
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Dec 6, 2012
12/12
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it doesn't solve our deficit problem. it doesn't begin to solve our deficit problem. have you heard the president talk about reducing spending? no. he doesn't want to talk about that. it's as if he says the whole answer to our problem here is to ask the wealthy to pay a little bit more. well, in terms of the federal budget, it is a little bit more. it's not going to help very much. where are you going to get the rest of the savings? that's what we ought to be talking about here, mr. president. and then as i was talking about before, it is how you do it that matters a lot. he should stop pursuing tax rate increases, as i said, and revisit the comments that he made a year ago. here's what the president said. quote -- "what we said was to give us, to give us -- it's a nice way of saying we're going to make you pay more in taxes. us i gather here is the united states government. quote -- "what we said was to give us $1.2 trillion in additional revenues, which would be accomplished without hiking taxes, tax rates, but could simply be accomplished by eliminating loopholes,
it doesn't solve our deficit problem. it doesn't begin to solve our deficit problem. have you heard the president talk about reducing spending? no. he doesn't want to talk about that. it's as if he says the whole answer to our problem here is to ask the wealthy to pay a little bit more. well, in terms of the federal budget, it is a little bit more. it's not going to help very much. where are you going to get the rest of the savings? that's what we ought to be talking about here, mr. president....
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Dec 2, 2012
12/12
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bub it is not part -- but it's not part of the current deficit issue at all. separate issue. you may call it premium the medicare program and tosses it over to the private health insurance companies. i have worked with the private health insurance companies for a long, long -- >> it's not true. >> sorry, it does happen to be what the premium support is all about. you are supporting the premium for private health insurance companies. call it vouch every or premium support. in either case it terminates the medicare as we know it. that is a problem for seniors. >> we are leaving on many point of disagreement, not agreement. we know you have a lot of work to do on the hill. we thank you for taking time out for us today. we wish you beth to find abcompromise. >> thank you. >> thank you, shannon. >> this is a fox news alert. nine militants and at least five afghans are reportedly dead after a fire fight at an air base in american afghanistan that lasted more than two hours. officials say two suicide bombers detonated explosives outside the base that helicopters fired on them. they
bub it is not part -- but it's not part of the current deficit issue at all. separate issue. you may call it premium the medicare program and tosses it over to the private health insurance companies. i have worked with the private health insurance companies for a long, long -- >> it's not true. >> sorry, it does happen to be what the premium support is all about. you are supporting the premium for private health insurance companies. call it vouch every or premium support. in either...
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Dec 6, 2012
12/12
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this is an administration that has 1 trillion plus deficits for each four years. >> one part of that that republicans have talked about, that 2%, and whether you're going to protect tax break force them. steve latourette said some people who call me, they're more worried about the fiscal cliff than about rates going up a couple of points. thomas rooney in your party, if there is truly entitlement reforms that's going to preserve social security and medicare for generations to come, it's going to be very difficult for me to oppose higher rates for the rich. what about that? >> and to mr. rooney's point, if in fact there were fundamental, significant reform of medicare, medicaid and social security so that we in fact save and strengthen and secure those programs, just like we did in our budget,those were included in the president's proposal, then that's something that we would talk about and very seriously consider because there's where we got to get. we got to get real solutions. the problem with the president's proposal is it's not a real solution, it's all politics. >> congressman t
this is an administration that has 1 trillion plus deficits for each four years. >> one part of that that republicans have talked about, that 2%, and whether you're going to protect tax break force them. steve latourette said some people who call me, they're more worried about the fiscal cliff than about rates going up a couple of points. thomas rooney in your party, if there is truly entitlement reforms that's going to preserve social security and medicare for generations to come, it's...
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Dec 6, 2012
12/12
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the fact is that social security doesn't add one penny to the deficit or the debt. let's get the facts straight on this. we've been looking at these entitlements, scrutinizing them. we've had bipartisan changes to social security to make it sustainable. we can do that again. don't blame social security and medicare for our problems. i would say a major part of the problem is health care expenses, and i think the affordable health care bill attacked that issue particularly. if we don't lower health care costs, we are not going to get the budget in balance regardless of what we do. >> we have below you daishg you can't see it. a new poll was taken. a majority didn't want to see cuts in medicaid and didn't want the eligibility age increase for medicare. >> you're absolutely right. you put more burden on the states. right now the states are struggling to keep their head above water as it is. if you put that burden on the states, then they are going to move accordingly to the towns and their taxpayers in that particular state. in my state of new jersey, we pay an exorbit
the fact is that social security doesn't add one penny to the deficit or the debt. let's get the facts straight on this. we've been looking at these entitlements, scrutinizing them. we've had bipartisan changes to social security to make it sustainable. we can do that again. don't blame social security and medicare for our problems. i would say a major part of the problem is health care expenses, and i think the affordable health care bill attacked that issue particularly. if we don't lower...
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Dec 4, 2012
12/12
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so it calls for $2.2 trillion in deficit savings, this is over the next decade. including $800 billion from tax reforms. $600 billion from medicare reforms. and $600 billion in spending cuts. but the white house quickly said, no way, because the deal doesn't contain tax hikes for the wealthiest americans. brianna keilar live from washington this morning. and brianna, are we beyond political posturing to the point where we have reached a stalemate? >> there is a lot of posturing going on and there is an impasse, obviously. at this point you have the white house saying they're not going to discuss specifics on entitlement reform with house republicans until they capitulate on increasing the income tax rates for wealthy americans. so there is an impasse but there's a lot of posturing. the offer of the white house details of which came out last week, and now this counteroffer from house republicans out yesterday. so i think the policy prescriptions here are pretty clear on what has to be done, although both sides are very far apart. if you just listen to what's going
so it calls for $2.2 trillion in deficit savings, this is over the next decade. including $800 billion from tax reforms. $600 billion from medicare reforms. and $600 billion in spending cuts. but the white house quickly said, no way, because the deal doesn't contain tax hikes for the wealthiest americans. brianna keilar live from washington this morning. and brianna, are we beyond political posturing to the point where we have reached a stalemate? >> there is a lot of posturing going on...
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Dec 6, 2012
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members of congress got together and gorged themselves at the table of deficit spending ordering up porterhouse sized tax cuts for their riff friends and a heaping helping of extended unemployment benefits for their out of work neighbors, something i support, by the way. now the bill comes due, and when it's time to whip out the national credit card, you whisper your sweet notion into the tea party's here and the gop threatens to dash as a matter of principle. who wants to put $16 trillion on the national credit card? who is pro-debt? no one. gop extremists get to pretend they're the adults in the room railing about spending that has already happened that they agreed to, and the best part you naughty, naughty, debt ceiling you, you offer them up a chance to get more goodies in the form of more tax cuts or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elev
members of congress got together and gorged themselves at the table of deficit spending ordering up porterhouse sized tax cuts for their riff friends and a heaping helping of extended unemployment benefits for their out of work neighbors, something i support, by the way. now the bill comes due, and when it's time to whip out the national credit card, you whisper your sweet notion into the tea party's here and the gop threatens to dash as a matter of principle. who wants to put $16 trillion on...
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Dec 3, 2012
12/12
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david, how much of the deficit, if we let the bush tax cuts sunset, how much of the deficit goes away? >> well, a significant percentage. >> like three quarters of it. >> it's not a good thing to do. it's going to push us back. >> when is it a good time? >> we need a down payment of both revenue and spending reductions, but we need to achieve four to five trillion over ten years through a grand bargain and we have to make sure that we're going to achieve a lot more than that beyond the ten years because we have 10,000 people a day retiring. health care costs are still out of control and we have to look long-term. that's why we say debt to gdp. >> somebody just sent in a really good question. that is with the president's health care plans, with obama care, does that change the debt to gdp in terms of taxes going up? >> it makes it worse. >> it's already going up. >> the affordable care act expanded cover an to 36 million people. it did not do enough to control costs. there are positive aspects of it, but according to the chief actuary of medicare, it's estimated to cost $12 trillion mo
david, how much of the deficit, if we let the bush tax cuts sunset, how much of the deficit goes away? >> well, a significant percentage. >> like three quarters of it. >> it's not a good thing to do. it's going to push us back. >> when is it a good time? >> we need a down payment of both revenue and spending reductions, but we need to achieve four to five trillion over ten years through a grand bargain and we have to make sure that we're going to achieve a lot more...
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Dec 6, 2012
12/12
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obama has this fetish of we've got to raise the rates on the top two because we're going to raise the deficit. >> who knew a balanced approach could be characterized as an obsession that evokes an erotic response. what this is about is the president drawing attention to a dirty little secret, their own fetish that republicans just don't like to hear ventilated in public. according to the congressional budget office in the years since 1979 as federal taxation has become less progressive, the income of the top 1% has grown by over
obama has this fetish of we've got to raise the rates on the top two because we're going to raise the deficit. >> who knew a balanced approach could be characterized as an obsession that evokes an erotic response. what this is about is the president drawing attention to a dirty little secret, their own fetish that republicans just don't like to hear ventilated in public. according to the congressional budget office in the years since 1979 as federal taxation has become less progressive,...
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Nov 29, 2012
11/12
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mystery when 60% at least of the american people think that's an appropriate way to help balance the deficit. >> now, speaker boehner keeps telling us that he's put revenues on the table in form of closing loopholes, but democrats have not offered anything in terms of those earned entitlements. now, i know you said earlier that these are not connected issues, but are you and your colleagues willing to give any ground in terms of cuts, say, to medicare, medicaid, or social security or something? >> you know, this is somewhat laughable because, again, the republicans spent the entire campaign talking about how democrats slashed $716 billion from medicare and governor romney said i'm not going to take that money out of medicare. now they're demanding we take money out of the medicare. this is another example where their message keeps changing. it's not consistent and they're just relying on the same amnesia of the american people to let them get away with it. >> very briefly, sir. do we think there will be a deal or will we hit the cliff and go over it 1234. >> i'm getting more and more pessimi
mystery when 60% at least of the american people think that's an appropriate way to help balance the deficit. >> now, speaker boehner keeps telling us that he's put revenues on the table in form of closing loopholes, but democrats have not offered anything in terms of those earned entitlements. now, i know you said earlier that these are not connected issues, but are you and your colleagues willing to give any ground in terms of cuts, say, to medicare, medicaid, or social security or...
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Dec 4, 2012
12/12
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it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired. and republicans have been pushing back on that -- tax breaks rather for the wealthy expired and republicans have been pushing back on that, say they go believe that will be harmful for the economic recovery because wealthy americans are the ones who are creating the
it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not...
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Dec 7, 2012
12/12
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we're going to take a look at the real issues impacting our debt and deficit coming up next. >>> and as bad as john boehner made it sound, how come the markets seem to be trading like we are going to have a deal? what does wall street know that we don't? tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> there's that word, absolute. is it an absolute fiasco? time for our daily
we're going to take a look at the real issues impacting our debt and deficit coming up next. >>> and as bad as john boehner made it sound, how come the markets seem to be trading like we are going to have a deal? what does wall street know that we don't? tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities...
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Nov 30, 2012
11/12
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CSPAN
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because he wants to bring down the deficit. he wants to -- and has agreed to, and we've agreed to, over $1.7 trillion in spending cuts already for 2011, 2012, and 2013 and for the next decade. or at least until 2022. we've already agreed to that you press that, you were -- you pressed that, you were successful, we agreed on many of those. some we didn't agree on. but you had the votes, we needed to reach an agreement and we reached an agreement. we've cut almost $2 trillion of spending already. you're correct. we need to assure the fact that we pay for what we buy. and if we don't want to pay for it, my view is we shouldn't buy it. frankly, those tchash principle applies in my opinion to tax eexpenditures as well as to buying stuff. it all reduces your -- -- reduces your ability to pay for what you're buying. it's not that i'm technically correct, i'm correct. the bill i'm asking you to pass will simply give to the 98% of americans, taxpayers, the assurance that their taxes will not go up on january 1. if we dent don't pass it,
because he wants to bring down the deficit. he wants to -- and has agreed to, and we've agreed to, over $1.7 trillion in spending cuts already for 2011, 2012, and 2013 and for the next decade. or at least until 2022. we've already agreed to that you press that, you were -- you pressed that, you were successful, we agreed on many of those. some we didn't agree on. but you had the votes, we needed to reach an agreement and we reached an agreement. we've cut almost $2 trillion of spending already....
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Nov 29, 2012
11/12
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budget deficit by over $1 billion over the next five years. . that is unpaid for as well. so again there are many ways that immigration can be looked at to reduce our budget deficit, and many concepts of comprehensive immigration reform, either through fees paid by those who violate the law, penalties paid, increased taxes going forward for those who would have to pay taxes under immigration reform, would actually reduce our deficit, but here we are with a solitary idea around immigration that forces all members of this body to weigh two valuable programs against one another. and at the same time cost taxpayers over $1 billion over the next five years. it's a choice that congress shouldn't face. there are also very legitimate concerns that not only does this bill weigh two valuable programs , but in fact it's a backdoor way to reduce the number of legal immigrants. there should be no hesitation in saying it by reducing the number of legal immigrants we will increase the number of illegal immigrants. so again this bill will likely increase the nu
budget deficit by over $1 billion over the next five years. . that is unpaid for as well. so again there are many ways that immigration can be looked at to reduce our budget deficit, and many concepts of comprehensive immigration reform, either through fees paid by those who violate the law, penalties paid, increased taxes going forward for those who would have to pay taxes under immigration reform, would actually reduce our deficit, but here we are with a solitary idea around immigration that...
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if the politicians in washington negotiate a bad deal on the budget and deficit, what do you think will happen to medicare and medicaid benefits? and to our coverage? cutting hundreds of billions of dollars from medicare and medicaid will short change the people who need it the most. so if you don't want seniors to come up empty. call sen. warner and tell him don't make a bad deal that cuts our care. >>> welcome back 6:39. there's a new way to get to the moon if you can afford the astronomical price. they unveiled new company to use existing rockets and a new lunar lander to send expeditions to the moon. it's not cheap. two tickets will set you back $1.4 billion. they hope to make the next expedition in 2020. >> christmas gift for the christmas list? >> i guess, if you have that kind of money, you're willing to take those kind of wild expeditions. >> where else are you going to go? you've probably been everywhere by now. >> i'd want to go somewhere warm. >> the moon isn't hot enough for you? >> i don't know. >> maybe a trip to the sun. coming up at 6:41. >> storm team 4 meteorologist ch
if the politicians in washington negotiate a bad deal on the budget and deficit, what do you think will happen to medicare and medicaid benefits? and to our coverage? cutting hundreds of billions of dollars from medicare and medicaid will short change the people who need it the most. so if you don't want seniors to come up empty. call sen. warner and tell him don't make a bad deal that cuts our care. >>> welcome back 6:39. there's a new way to get to the moon if you can afford the...
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Dec 4, 2012
12/12
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we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the problem, it seems to me. again, as long as the posturing goes on with fairly ridiculous offers on both sides and lots of political rhetoric along the lines of well, they're not giving an inch, we're going backwards, you can't really go backwards from a position of complete standstill, as far as i'm concerned. as this goes on, the american economy stalls, wall street's nervous, the consumers that should be out there now buying lots of christmas presents and boosting the economy will be reticent because they'll be thinki
we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover...
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Dec 4, 2012
12/12
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jenna: "happening now", house republicans are putting their offer on the table to cut the deficit and avoid the fiscal cliff. it calls for collecting an additional $800 billion in revenue over 10 years without raising tax rates. and that's balanced by the reduction of $800 billion in spending from federal programs. a lot of ins and outs there. we just tried to boil it down for you because in all the republican plan will cut the deficit by $1.6 trillion. so far democrats are uninspired by this. here is what democratic congressman chris van hollen of maryland had to say last night on "special report". >> the big difference, bret, between the way the president proposed to deal with medicare and the republicans, the republican plan, their definition of reform is simply to pass rising health care costs onto the backs of seniors. our view, you can modernize the medicare system to change incentives to move a system not strictly fee-for-service. jenna: congresswoman cathy mcmorris rodgers from washington state, congresswoman, is that what you're trying to do? >> we're about saving these entit
jenna: "happening now", house republicans are putting their offer on the table to cut the deficit and avoid the fiscal cliff. it calls for collecting an additional $800 billion in revenue over 10 years without raising tax rates. and that's balanced by the reduction of $800 billion in spending from federal programs. a lot of ins and outs there. we just tried to boil it down for you because in all the republican plan will cut the deficit by $1.6 trillion. so far democrats are uninspired...
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Dec 1, 2012
12/12
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in 2011 he and john boehner had a deficit deal on the table that a lot of democrats didn't like. right now he's gaining democratic support even more than at the campaign. this proposal democrats alike, there was a meeting on the hill about the proposal. democrats were delighted. you saw john boehner complaining about it. that's what the president wants because we're in the posturing stage in two weeks we'll be closer to actual where the real deal is stage. >> in your latest piece, dana, you write about how the gop if you have members that aren't following the party line they're getting purged. "when a lawmaker who has been part of house gop leadership floated a perfectly sensible notion this week the republicans should accept president obama's offer to extend tax cuts for the 98% of americans who earn less tha $250,000 a year, he was treated as if he'd been caught reading marx in the republican cloak room." >> this guy has a 92% conservative rating. they're now treating him like he's some sort of liberal just because he said don't hold 98% of americans hostage as some sort of neg
in 2011 he and john boehner had a deficit deal on the table that a lot of democrats didn't like. right now he's gaining democratic support even more than at the campaign. this proposal democrats alike, there was a meeting on the hill about the proposal. democrats were delighted. you saw john boehner complaining about it. that's what the president wants because we're in the posturing stage in two weeks we'll be closer to actual where the real deal is stage. >> in your latest piece, dana,...
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he closed two budget deficits, and now has hopes for the fbi to follow. he says its focus has been on making the county more business friendly. >> those who especially thought that there was a pay-for-play here, and that they didn't want to do business here, i wanted to have something that would say to them, you know what, maybe we should take a chance on prince george's county. >> the county executive says for the rest of his term, his first priority, education, and improving the prince george's county school system. he says he knows for sure that he's running for a second term. in prince george's county, tracee wilkins, news4. >>> the brother of former d.c. council chairman kwame brown has been charged with bank fraud, the same charge that led kwame brown to resign his council seat earlier this year. according to the charging documents, che brown made false claims about his income on a mortgage loan application back in 2010. his lawyer says brown plans to plead guilty. che brown also pleaded guilty to a similar charge back in 1995. >>> one of the world'
he closed two budget deficits, and now has hopes for the fbi to follow. he says its focus has been on making the county more business friendly. >> those who especially thought that there was a pay-for-play here, and that they didn't want to do business here, i wanted to have something that would say to them, you know what, maybe we should take a chance on prince george's county. >> the county executive says for the rest of his term, his first priority, education, and improving the...
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Dec 5, 2012
12/12
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so if it's wasteful spending or spending just to aggravate the deficit situation. and that's from the -- you know, the perspective that we come. fix the problem. if the obsession is to raise taxes, you know, we don't -- you know we don't agree with that. but fix the problem so if you're asking for somebody to give more of their money into washington, at least be able to tell them that we are going to manage down the debt. that's what we're about here. which is why the focus on spending and how we have to ratchet down the spending in this town. and that's where we've heard no specifics or willingness on the part of the president to engage in discussions about specifics on spending. as far as the math is concerned, again, it was a very different president in the summer of 2011 when he said $1.2 trillion in additional revenues could be accomplished without hiking tax rates. that's what he said. so, again, all of a sudden that math doesn't work but it worked for 1.2 before. regardless, we sort of understand now, at least this round, where everyone is on taxes. let's ge
so if it's wasteful spending or spending just to aggravate the deficit situation. and that's from the -- you know, the perspective that we come. fix the problem. if the obsession is to raise taxes, you know, we don't -- you know we don't agree with that. but fix the problem so if you're asking for somebody to give more of their money into washington, at least be able to tell them that we are going to manage down the debt. that's what we're about here. which is why the focus on spending and how...
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Nov 30, 2012
11/12
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and it's clear today that important first step rebuilding the trust deficit, closing the trust deficit, a long way to go. >> john king, thanks so much. good to see you. >>> a warning from the fda about one of the most prescribed drugs in the u.s. new details of a massive recall. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committe
and it's clear today that important first step rebuilding the trust deficit, closing the trust deficit, a long way to go. >> john king, thanks so much. good to see you. >>> a warning from the fda about one of the most prescribed drugs in the u.s. new details of a massive recall. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump...
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Dec 6, 2012
12/12
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the tax rates, total money that that comes in is just a small drop in the bucket so the size of the deficit from last year alone. it's less than 10% of what we're overspending. we now have 16 trillion in debt on the backs of our children and grand children. that is the biggest threat to our national security and nation's future. >> quickly, some republicans have whispered privately, some not privately, they believe president obama, the white house, congressional democrats, want to go over the fiscal cliff because they believe that it is more politically advantageous for them to do so. is that a sentiment you agree with or not? >> i believe that the president and the democrats see a political victory at the bottom of the fiscal cliff. i see financial problems for our country at the bottom of the fiscal cliff with unemployment over 9%, and another recession. i think -- i want to find a solution working with people on both sides of the aisle but when you have howard dean, the former chairman of the democratic national committee, you have patty murray, who ran the democratic senatorial committe
the tax rates, total money that that comes in is just a small drop in the bucket so the size of the deficit from last year alone. it's less than 10% of what we're overspending. we now have 16 trillion in debt on the backs of our children and grand children. that is the biggest threat to our national security and nation's future. >> quickly, some republicans have whispered privately, some not privately, they believe president obama, the white house, congressional democrats, want to go over...
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we are a deficit -- we're in deficit of $1.1 trillion, if that isn't a stimulus, the drinks are on me. that's what that is. and unless you get in there, people are going to say, i've got an idea for you, you're addicted to debt, we're going to loan you more, and when we do that, interest rates will kick up and inflation will kick in and guess who gets hurt the worst? the middle guy, the middle class. >> it's not thee yatrics on the part of congress, but they're confused. isn't that pathetic? >> i don't know, a lot of people are confused, especially the people who don't understand what's coming before december 31st. what's different is they dug their own snare. they put the chain on their own ankles, they have to do something before december 31st, before you get a mindless cut of $600 billion in defense. you've got the payroll tax you've got to bring back from 4.2 to 6.2. where the hell was the aarp when they cut the payroll tax? madness is half a word. these guys if you gave them 90% of them a profit loss statement in one hand and a balance statement in the other, they wouldn't know h
we are a deficit -- we're in deficit of $1.1 trillion, if that isn't a stimulus, the drinks are on me. that's what that is. and unless you get in there, people are going to say, i've got an idea for you, you're addicted to debt, we're going to loan you more, and when we do that, interest rates will kick up and inflation will kick in and guess who gets hurt the worst? the middle guy, the middle class. >> it's not thee yatrics on the part of congress, but they're confused. isn't that...
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Dec 1, 2012
12/12
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a member of congress was on ahead of me talking about the deficit debate. her press secretary was looking at the tweet feed as the member of congress was talking. they are literally getting a line by line they are literally giving a line by line analysis. i would say to citizens, follow your representative on facebook. it is very authentic. members of congress will look at those comments. we did a webinar during the research, and a staff member said they see 20 or 30 comments on their facebook page, and that is something they will listen to. it is such an authentic medium. you cannot take a youtube video. members of congress really enjoy the interactivity that it provides. not all members are using it, although from what i understand, only about five members of the u.s. senate are not on twitter, and 3 are retiring this year. call me crazy -- i think this twitter thing is going to catch on in congress. people are really using it. it varies in terms of how well they are using it, but we do know they are paying attention. they are looking at the facebook page
a member of congress was on ahead of me talking about the deficit debate. her press secretary was looking at the tweet feed as the member of congress was talking. they are literally getting a line by line they are literally giving a line by line analysis. i would say to citizens, follow your representative on facebook. it is very authentic. members of congress will look at those comments. we did a webinar during the research, and a staff member said they see 20 or 30 comments on their facebook...
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Dec 7, 2012
12/12
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CURRENT
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long time, too big of a deficit reduction. we need something longer term and more gradual. >> that's his argument. this gives him a lot more ammunition, it seems to me, in dealing with a congress saying this proves that we are moving in the right direction and the worst thing we could do would bring everything to a halt. right? >> and i think he can legitimately say my economic policies are working. trust me on this one. this is what we need to do his approval rating is going up. people think the country is moving in the right direction. >> good news. good news on the jobs front. peter? >> a couple of quick numbers, igor volumesky tweeting out a couple of numbers he is saying out of the report healthcare at added 20,000 new jobs lat month. 8.3,000 hospitals, 4.7,000 in out-patient and 4 and a half thousand in nursing facilities. also, auto manufacturing jobs are up 10,000 jobs. >> that's good news. >> big news. we will dig those numbers up. >> the bail-out worked, you know, help for the auto industry really worked. >> no doubt
long time, too big of a deficit reduction. we need something longer term and more gradual. >> that's his argument. this gives him a lot more ammunition, it seems to me, in dealing with a congress saying this proves that we are moving in the right direction and the worst thing we could do would bring everything to a halt. right? >> and i think he can legitimately say my economic policies are working. trust me on this one. this is what we need to do his approval rating is going up....
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Nov 30, 2012
11/12
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KRON
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as investors closely monitor talks in washington over narrowing the government's budget deficit. stocks also rallied on a pair of good reports on jobs and the housing market looking at the numbers.. day up 37 points to close gained six- points. >> let us talk about how >> the trend so far it is aggressive with a good year it is helping already economy. purchases were up for the month of october, with a 5.2% and was only supposed to be a one-person climate. so people feel better and better they're putting it there homes of personal we were supposed to only see a-1% climbing up prices. and a substantial component to our building block of our economy. >> they do not seem to like macy's, donald trump is that having an impact on his product at macy's? >> i have never understood this in any way, shape, form. they look at this as a businessman. he made his money by inherited his a father's money. despite the wanted to dump truck with macy's the have not done it. and even the c f o came out of we listen to the customer. but they should take a look at the new research that came from yougo
as investors closely monitor talks in washington over narrowing the government's budget deficit. stocks also rallied on a pair of good reports on jobs and the housing market looking at the numbers.. day up 37 points to close gained six- points. >> let us talk about how >> the trend so far it is aggressive with a good year it is helping already economy. purchases were up for the month of october, with a 5.2% and was only supposed to be a one-person climate. so people feel better and...
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Nov 30, 2012
11/12
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KPIX
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for $4 trillion deficit reduction in ten years, $1.6 trillion comes from households earning more than $250,000 a year. $400 billion in entitlement cuts in program like medicare and medicaid and $50 billion in new spending next year for inf infrastructu infrastructure. there's another idea. a permanent cease fire on raising the debt ceiling now $16 trillion that would allow it to rise automatically. republicans use the debt ceiling last year to extract spending cuts and they don't want to give up that leverage. >> there's a lot of things i've wanted in my life but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, there's going to be some price tag associated with it. >> reporter: the white house still seat tchlsiethes over las fight and doesn't want a replay. >> to ensure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible. >> reporter: the more both sides talk, the more complications they discover. the white house says nothing will move forward until
for $4 trillion deficit reduction in ten years, $1.6 trillion comes from households earning more than $250,000 a year. $400 billion in entitlement cuts in program like medicare and medicaid and $50 billion in new spending next year for inf infrastructu infrastructure. there's another idea. a permanent cease fire on raising the debt ceiling now $16 trillion that would allow it to rise automatically. republicans use the debt ceiling last year to extract spending cuts and they don't want to give...
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Nov 29, 2012
11/12
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trade deficit narrowed as well. >> apples, itunes music software could launch as early as today. this is the second eight of the self- imposed deadline. the original overall was slated for last month. the original overhaul was september of 2010. >> we will have a complete check of weather and traffic we're watching and waiting for the storm system. here is a live look from the south they were traffic 1016 to slow down a bit. the camera is shaking so we know that it is windy as well. it will take a look at traffic and will come back to the kron for morning new striking a hot spot on the nimitz freeway. oakland a big rig was just cleared from the lanes northbound at from fail. it managed to block things long enough that it back up the traffic into san leandro. it has pushed the drive time to 20 minutes from 238 up 2980. it has added about eight-nine minutes to the drive. you can use interstate 580 for a while and save yourself time. again the big rig has been cleared from the traffic lanes. a quick bridge check as we continue our coverage you will see the westbound bay bridge ride
trade deficit narrowed as well. >> apples, itunes music software could launch as early as today. this is the second eight of the self- imposed deadline. the original overall was slated for last month. the original overhaul was september of 2010. >> we will have a complete check of weather and traffic we're watching and waiting for the storm system. here is a live look from the south they were traffic 1016 to slow down a bit. the camera is shaking so we know that it is windy as well....
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all on the spending side and as many americans have to balance the wrong budget knows, if you have a deficit that means you have to bring in more rate comment and spend less. melissa: all we're ever talking about is raising taxes and nobody is talking about what we need to cut. the first thing you would do is stop spending. let's tighten our belts. regardless though you really think it is too late? i think they can come up with some solution that is held together with chicken wire and bubblegum and scotch tape and this little crummy thing that will keep us from going over the cliff pushing the whole problem off into the future. speak i think you have to treat two separate issues separately. one is avoiding the cliff, and i think the way to do that is to reach a short-term agreement on tax cut extensions. relatively optimistic they can get a long-term budget agreement done next year, but don't think they can do it in two weeks which is what the president thinks it's going to happen. if they separate the two issues and reach an agreement, that will onny be temporary. it is not like they're sig
all on the spending side and as many americans have to balance the wrong budget knows, if you have a deficit that means you have to bring in more rate comment and spend less. melissa: all we're ever talking about is raising taxes and nobody is talking about what we need to cut. the first thing you would do is stop spending. let's tighten our belts. regardless though you really think it is too late? i think they can come up with some solution that is held together with chicken wire and bubblegum...
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Dec 2, 2012
12/12
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what i heard you say, this deficit reduction, the economic questions, part of what i'm interested in, post '08 the conservative voices that emerge were the limbaughs and the glenn beck rather than elected leaders. what i'm wondering, is there a way in which elected republicans might help to move conservatism towards an actual conservatism as opposed to the social angst that we saw last time? >> i kind of reject the premise of the post '08. the most interesting development post '08 was something that you could not have predicted at this stage four years ago to the day, which is the rise of a pop list anti-government spending wing of the country and of the electorate. not anti-tax, anti-government spending. the tea party. you did get new voices talking in a different way. rand paul is not talking in the same way that a rick santorum or a newt gingrich has talked about. marco rubio doesn't talk. mike lee, there's a lot of different people who talk differently here. one question, chris christie is another. this class of 2010. that is an interesting wing. it's unclear whether that wing, if
what i heard you say, this deficit reduction, the economic questions, part of what i'm interested in, post '08 the conservative voices that emerge were the limbaughs and the glenn beck rather than elected leaders. what i'm wondering, is there a way in which elected republicans might help to move conservatism towards an actual conservatism as opposed to the social angst that we saw last time? >> i kind of reject the premise of the post '08. the most interesting development post '08 was...
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Dec 3, 2012
12/12
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CNBC
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far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck speaking to many more ceos than grover norquist is. he thinks it's silly
far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do...
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Dec 6, 2012
12/12
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the so-called fiscal cliff for a year but has yet to come up with a plan that actually reduces our deficit. i'm willing to work with anyone to put a plan on the table, but we're not willing to negotiate with someone who hasn't put a plan on the table. the president has not put a serious plan on the table. >> as far as a compromise on the marginal tax rate 35% going up let's say 36% or 37%, is that acceptable? >> no. no. because marginal tax rate increases if there is any increase in revenue, just gives them more to play with on capitol hill and more to spend. when we talk about fairness, when the top 2%, the $250,000 and above are already paying 45% of total income tax, that's a big question of fairness there too. >> who should nicki haley name to replace you? >> i talk today her today. i share the same philosophy, the conservative philosophy. i told her i trust her decision and i'm not going to push her one way or another. >> a lot of speculation, congressman scott? >> he's a wonderful person. our whole delegation is really strong. she's got a tough choice, but i'm convinced she'll give m
the so-called fiscal cliff for a year but has yet to come up with a plan that actually reduces our deficit. i'm willing to work with anyone to put a plan on the table, but we're not willing to negotiate with someone who hasn't put a plan on the table. the president has not put a serious plan on the table. >> as far as a compromise on the marginal tax rate 35% going up let's say 36% or 37%, is that acceptable? >> no. no. because marginal tax rate increases if there is any increase in...
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Nov 30, 2012
11/12
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CURRENT
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. >> stephanie: they said deficits don't matter. quote dick cheney or whatever. [ whatever ] who can remember. >> who can say. >> stephanie: by the way wow guess who relayed a lot of bad intelligence on tv shows. senator john mccain and lindsey graham. >> i think once they said there were weapons of mass destruction in iraq. >> stephanie: yes, they're accusing susan rice, and their own moment of relaying bad intelligence. in 2003 they made appearances on "meet the press"; "face of a nation" where they said saddam hussein had weapons of mass destruction. for 1 years we've been playing this game trying to get this man to part with his weapons of mass destruction. mccain on "face of a nation" also made the case for the war based on weapons--wmd, and not being straightforward is a very reckless charge. there is not a doubt in my mind that saddam hussein would give out weapons of mass destruction. so basically wrong wrong wrong about everything. [ buzzer ] possibly even misleading the american people. >> by the way saddam hussein had not
. >> stephanie: they said deficits don't matter. quote dick cheney or whatever. [ whatever ] who can remember. >> who can say. >> stephanie: by the way wow guess who relayed a lot of bad intelligence on tv shows. senator john mccain and lindsey graham. >> i think once they said there were weapons of mass destruction in iraq. >> stephanie: yes, they're accusing susan rice, and their own moment of relaying bad intelligence. in 2003 they made appearances on "meet...
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Dec 6, 2012
12/12
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CURRENT
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number two is they whine and cry about the deficit. basic civics 101. the president spends no money. the congress approves everything. they're the ones that created it. >> bill: sure. they're the ones who brought us to the fiscal cliff as we were talking yesterday because their super committee failed to do its job and now we have the sequestration hanging over our heads. >> they constantly create a situation, try to blame obama. >> bill: kevin, do you think we dare say look, hold the line and if you don't raise rates on the top 2%, we're not going to make a deal? >> absolutely. hold the line. i'll gladly pay more taxes than to have some rich son of a bitch pay more. >> bill: you and me both. that's all right. i'm willing to do it. i am a patriotic millionaire. i ought to -- i should join the club. thanks, kevin for the call. >> announcer: this is the "bill press show." which was just as you say -- maybe it was starve the beast. i'll look it up during the break. going to do the young turks. i think the number one thing that viewers like about the young t
number two is they whine and cry about the deficit. basic civics 101. the president spends no money. the congress approves everything. they're the ones that created it. >> bill: sure. they're the ones who brought us to the fiscal cliff as we were talking yesterday because their super committee failed to do its job and now we have the sequestration hanging over our heads. >> they constantly create a situation, try to blame obama. >> bill: kevin, do you think we dare say look,...
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obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake tapper, abc new, the white hous
obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people...
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Dec 4, 2012
12/12
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CURRENT
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social security has not contributed to the deficit. social security should not be on the table. these guys hate social security so much, they want to get rid of social security and medicare so much that everything they put forward has to have cuts in medicare and social security. so that's a nonstarter. the president has said he's not going to touch social security. the president said he's not going to raise the eligibility age for medicare. and the president has also said jay carney said it again yesterday, he's not even going to consider any bill that continues tax rates for the wealthiest of americans. >> he will not sign an extension of the bush era tax cuts for the top 2%. full stop. >> bill: full stop. >> this is what i don't get about this. this is not some new idea. this is not something that obama is you know, pulling out of the clear blue sky. it is something he ran on. this is what the election was about. >> bill: and the people voting. >> overwhelmingly. >> bill: we have to go back to the beginning. these tax cuts were enacted by george w. bush in 2001. still a bad i
social security has not contributed to the deficit. social security should not be on the table. these guys hate social security so much, they want to get rid of social security and medicare so much that everything they put forward has to have cuts in medicare and social security. so that's a nonstarter. the president has said he's not going to touch social security. the president said he's not going to raise the eligibility age for medicare. and the president has also said jay carney said it...
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Dec 3, 2012
12/12
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issues, bob erlich and i had to come in and try to create incentives within our economy, the $2 million deficit. you find completive ways to keep businesses that you have, but expand that base. so this idea these incentives were somehow bad for the economy or bad for the local market, to me, just don't add up necessarily because every state is different. you do compete -- we compete with virginia and delaware and pennsylvania and west virginia in our region. we want the jobs that we can get for our technical and other infrastructure with the state. how does all of that work out in the wash ultimately? who is the bad guy here? is it the governor goes out and gives the incentives with the legislature or is it the employer who keeps -- takes those incentives and want to stay in the state or come to the state? >> this not really about who is the bad guy but do we have a system that works? there is no national thinking. zero today on what are we spending on all this? is it coordinated? why, for instance, in kansas do you have kansas and missouri outbidding each other to have companies literally move
issues, bob erlich and i had to come in and try to create incentives within our economy, the $2 million deficit. you find completive ways to keep businesses that you have, but expand that base. so this idea these incentives were somehow bad for the economy or bad for the local market, to me, just don't add up necessarily because every state is different. you do compete -- we compete with virginia and delaware and pennsylvania and west virginia in our region. we want the jobs that we can get for...
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Dec 7, 2012
12/12
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CSPAN2
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we have even published her own study on the deficit, copies of which are available here today. we look forward to continuing this conversation, keeping the dialogue ongoing over the next month and it's critical and we want to solve this problem and we think it will be very enlightening on what the issues are. with that i'm going to turn it over to you in the panel. thank you very much. >> can everybody hear? [inaudible] we do have an all-star panel. tim pawlenty the former governor of minnesota, i wrote that i thought he would have made the strongest presidential candidate. tim is now the head of the financial services roundtable, a job he took a month or two ago and he will be a huge player in washington. chris i have to say, first of all you kept two-thirds of your own district but your margins didn't go down at all. maybe a little bit. i know the county, one county represents for my son as and let's just say -- is a liberal but he did an incredible job. two senators now and on mars reminded when bob dole left the house to go to the senate, the single act -- [inaudible] bob c
we have even published her own study on the deficit, copies of which are available here today. we look forward to continuing this conversation, keeping the dialogue ongoing over the next month and it's critical and we want to solve this problem and we think it will be very enlightening on what the issues are. with that i'm going to turn it over to you in the panel. thank you very much. >> can everybody hear? [inaudible] we do have an all-star panel. tim pawlenty the former governor of...
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Nov 29, 2012
11/12
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CSPAN2
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medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to come from. democrats will also have to step up and do some tough things. the notion that somehow these deficits and our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the president. there are commentators on the left that suggest that -- we should not deal with it at all. we have to deal with it. think about the damage -- let's say we could reach an agreement. i happen to believe, i am not an economist by training, but we have been around the south to understand -- that would be a great driver for our economy. we are over performing the rest of the world right now. if we can actually -- for the business community and the american people say we have our fiscal house in order for a 20 period and will still be able to invest in education and technolo
medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to come from. democrats will also have to step up and do some tough things. the notion that somehow these deficits and our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the president. there...
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Dec 1, 2012
12/12
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as a clinician that these kids and families and our clinics in seeing the major education deficit on the fields today in all sports frankly, but also seeing the outcomes. some of the things that raise talking about in terms of understanding forces is really important and we just completed some work in developing measures they are using so we can understand their cognitive symptom kinds of effects of these to kids. i think that's very, very important outcome to what we need to link up with the games. from the perspective -- actually was at the aspen institute this summer, where u.s. nabobs question about, should we be eliminating football -- tackling a football before the age of 14. at that point i couldn't speak, although we did speak that night. one of the things i said as we've got to change things. in its current form of credit problem. although the age limit is something that has to be further studied here it is going to finish my comments with research, but maybe starts with research in trying to understand what evidence do we have. one of the things that is hopeful that i've se
as a clinician that these kids and families and our clinics in seeing the major education deficit on the fields today in all sports frankly, but also seeing the outcomes. some of the things that raise talking about in terms of understanding forces is really important and we just completed some work in developing measures they are using so we can understand their cognitive symptom kinds of effects of these to kids. i think that's very, very important outcome to what we need to link up with the...